HCL's Leveraged Leap to India's Top Tech Circle

In borrowing the cash to take over Axon Group, HCL Technologies is challenging the cozy worlds of SAP installation and Indian tech finance

India's tech industry has emerged on the global scene with an aggressive deployment of highly trained, low-cost labor to serve Western clients. Now HCL Technologies is out to prove that its savvy use of interest-rate arbitrage can finance a broader second wave of growth.

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